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Urban upgrade to stem city migration (12-03-2009) MANILA — The Asian Development Bank will provide a loan of US$72 million for an urban upgrade project in central Thanh Hoa City that aims to stem the local population drift towards large metropolises like Ha Noi and HCM City. The $118 million project on Thanh Hoa City Comprehensive Socio-economic Developmen is part of a nationwide government plan to promote sustainable development in Viet Nam’s mid-sized cities, says an ADB press release. Thanh Hoa, in north-central region, has a population of 200,000 with major industrial and tourism potential. But infrastructure gaps and a shortage of skilled labour in areas targeted for development have held back investment. The project seeks to transform Thanh Hoa into a "competitive and livable city" with a comprehensive investment programme to upgrade infrastructure, boost the development of human resources, build up the capacity of key service agencies, and tap the province’s … [Read more...] about Urban upgrade to stem city migration

HA NOI — An initial VND430 billion (US$22.6 million) has been pledged by enterprises to fund the upgrading of 45 lakes in Ha Noi. Nguyen The Thao, chairman of the city’s People’s Committee, said that improvements to the city’s lakes were urgent and the city had urged the enterprises to provide continued financial support for the improvements projects until 2015 at a total cost of $76 million. Enterprises committed to funding the improvements include the Civil Engineering Construction Corporation No5 (Cienco5), Southern Thang Long Urban Development Company, Urban Development and Investment Corporation, Ha Noi Construction Corporation and General Export Import Corporation. However, the enterprises expressed their concern that land clearance issues could hold back the implementation of the projects. Than Duc Nam, general director of Cienco5 said that the investors only wanted the city to support the land clearance process, as that was the most difficult barrier to … [Read more...] about Companies pledge funds for city lake renovations

Companies thrive best in conductive macroeconomic environment Binh Nguyen Many foreign investors have expressed concern about Vietnam’s worsening business environment, but Singaporean investors still regard this country as a market of interest. In an email interview with The Saigon Times Daily, Tan Soon Kim, group director of International Enterprise (IE) Singapore for Southeast Asia, clarified this point and discussed trade and investment ties of the two nations. Excerpts: The Saigon Times Daily: The local business community has recently touched on the new investment and business expansion in Vietnam by companies from Japan and other countries than from Singapore. Do Singaporean investors ‘wait and see’ as Vietnam’s economy is still in difficulty? - Tan Soon Kim: Singaporean investors are active in Vietnam even today. Recent projects or deals that Singaporean companies have been involved in include NTUC FairPrice’s recent grand opening of Co.opXtra, … [Read more...] about Companies thrive best in conductive macroeconomic environment

VietNamNet Bridge – Ha Noi’s Hoan Kiem District authorities said they would soon take measures to address problems arising from the opening of pedestrian areas around iconic Hoan Kiem (Returned Sword).
The review meeting was held yesterday, one week after the opening of the walking space, in response to public feedback.
The newly-opened pedestrian areas have been welcomed by thousands of people, including local and foreign tourists, who flock to the area to enjoy the walking space and a range of cultural, musical and art performances including photo exhibitions and dragon dancing. Most agreed that it created a comfortable and clean space for pedestrians to relax and be entertained on weekends.
However, many people also complained of some drawbacks, such as high parking fees, overcrowded parking lots and traffic jams on some streets leading to the pedestrian areas.
In addition, garbage was found in many places although the city had installed an additional 50 dustbins along … [Read more...] about Hanoi works to improve walking streets

Viet Nam News HÀ NỘI - Hà Nội's Hoàn Kiếm District authorities said they would soon take measures to address problems arising from the opening of pedestrian areas around iconic Hoàn Kiếm (Returned Sword). The review meeting was held yesterday, one week after the opening of the walking space, in response to public feedback. The newly-opened pedestrian areas have been welcomed by thousands of people, including local and foreign tourists, who flock to the area to enjoy the walking space and a range of cultural, musical and art performances including photo exhibitions and dragon dancing. Most agreed that it created a comfortable and clean space for pedestrians to relax and be entertained on weekends. However, many people also complained of some drawbacks, such as high parking fees, overcrowded parking lots and traffic jams on some streets leading to the pedestrian areas. In addition, garbage was found in many places although the city had installed an additional 50 dustbins along these … [Read more...] about Hà Nội works to improve walking streets